PATH - What's Going On With UiPath Stock After Earnings? | Benzinga
UiPath, Inc. (NYSE:PATH) shares are trading lower Thursday despite better-than-expected fourth-quarter results and an analyst upgrade. Here's a look at what to know.
What To Know:
The company reported quarterly earnings of 22 cents per share which beat the analyst consensus estimate of 16 cents by 37.5%, and quarterly sales clocked in at a record $405.253 million, also beating the consensus estimate.
UiPath guided first-quarter revenue in a range of $330 million to $335 million, below the $347.851 million estimate. However, the company said it expects fiscal year 2025 revenue in a range of $1.555 billion to $1.56 billion, versus the $1.531 billion estimate.
JP Morgan analyst Mark Murphy upgraded UiPath from a Neutral to an Overweight rating and raised the price target from $22 to $28 following the print.
Several analysts also adjusted price targets on the stock:
- Needham ...